GM to axe 47,000, seeks $16.6b more
China Daily | Updated: 2009-02-19 07:54
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General Motors Saturn Vue Hybrid vehicles on display outside an auto show in Detroit, Michigan. Bloomberg News |
General Motors Corp. asked the US for as much as $16.6 billion in new loans, more than doubling the aid to date, and said it needs some of the cash next month to survive as it sheds brands and cuts 47,000 more jobs worldwide.
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